1/10Mike Rees, head of wholesale banking, Standard Chartered - $13.3m
Standard Chartered made its head of wholesale banking chief Mike Rees its highest-paid executive in 2011. The bank's annual report showed that Rees was paid a base salary of $1.1m, an upfront cash and share bonus of $4m, a deferred share award of $6m and a 'performance share' allocation worth a potential $2.2m. The report added that Rees had managed "a good performance in challenging market conditions" last year.

The 10 best-paid bankers at European banks

Europe’s top banks have all now published their annual reports for 2011, revealing that, despite pay declining on the whole, there was no shortage of multi-million dollar packages. Financial News picks out the best-paid bankers at European banks last year.